SCIO press conference on development of Hainan Free Trade Port

Xinhua News Agency:

The island-wide special customs operation, which involves a wide range of aspects, is a highly innovative, complex and systematic project. What specific measures will Hainan province take to ensure effective implementation of these policies? Thank you.

Feng Fei:

Thank you. I think the question you raised is one that many people are concerned about. The special customs operation in Hainan is a landmark and foundational project for the development of Hainan FTP. It is of milestone significance. The current top priority is to ensure the implementation of the policies. We will accurately understand the mission of the special customs operation, earnestly fulfill the primary responsibility, and spare no efforts to ensure full implementation through an approach in which policies can be transformed into concrete projects, and task-list management is adopted to ensure measurable outcomes. Specifically, our efforts will focus on the following three perspectives:

First, we will ensure implementation by enhancing the sense of gain for business entities and the people. The most direct way to gauge the effects of a policy measure is to look at the perception of enterprises and the people. We will strengthen policy publicity and interpretation, enhance guidance services and drive large-scale international investment promotion, ensuring that enterprises and the public are fully informed of policies and fully enjoy the benefits of the policies.

Second, we will ensure implementation through integrated institutional innovation. In order to make it more conducive for enterprises to freely, conveniently and compliantly use policies, we will promote the integration of the special customs operation policies with the various free trade port policies that have already been implemented, amplifying the combined effects of the policies to achieve tangible dividends through substantial reform and innovation. At the same time, we will ensure implementation by building an important intersection of domestic and international circulations. The implementation of the policy on the special customs operation is itself a part of expanding institutional opening up. We will accelerate the alignment with international high-standard economic and trade rules, and build "two bases," "two hubs" and "two networks," which refer to the headquarters base for Chinese enterprises to enter the international market and the headquarters base for foreign enterprises to enter the Chinese market, the international shipping hub for the New International Land-Sea Trade Corridor and the aviation hub serving as a regional gateway to the Pacific and Indian oceans, and the international economic and trade cooperation network and the international people-to-people exchange cooperation network. These efforts will attract more foreign investment, make foreign trade more dynamic, enable foreigners to live and work with a greater sense of satisfaction in Hainan, and better integrate Hainan province into the unified national market. We will demonstrate the firm confidence that "China will open its door ever wider" and the vast opportunities this commitment presents through the tangible effects of policy implementation. Thank you.